North America Raisins Market Forecast to 2027 – COVID-19 Impact and Analysis- By Product Type (Natural Seedless, Golden Seedless, Black Currant, Sultana, Muscat, and Monukka), Nature (Organic and Conventional), End User (Food Industry, Food Service Provider, and Households), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, and Others)
Number of Pages: 75
Market Introduction
Raisins are small sized dry fruits that contain an abundance of nutrients. Raisins are actually grapes that have been dried under the sun or in a food dehydrator. Raisins are produced in various regions across the globe and are consumed raw or used in baking, cooking, and brewing. The color of the raisins depends on the grapes used. According to the USDA National Nutrient Database, raisins are rich in protein, fiber, and carbohydrates. They are extremely effective in relieving constipation and curing hypertension. Furthermore, raisins can also treat anemia, enhance vision, reduce arthritis pain while promoting healthy hair and also provides a natural glow to the skin. Raisins are considered as healthier substitutes of sugared candies and it can also be added to regular yogurt, granola, cereal, or baked dishes to enhance their taste and its nutritional profile. Moreover, raisins are highly utilized by the food and beverage industry owing to the rising health conscious among the consumers. Thus, the increasing E-commerce sales and innovative marketing strategies is expected to create a significant demand for cut flower in the coming years, which is further anticipated to drive the Raisins market.
Market Overview and Dynamics
The cut flower market in North America is expected to grow from US$ 533.77 million in 2019 to US$ 778.69 million by 2027; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027. Expansion of the consumer base is considered an influencing opportunity for the raisins market and further stay competitive. Raisin manufacturers are focusing on strengthening their products' sales through direct distribution channels, especially E-commerce stores, to enhance their sales and revenue. Manufacturers are highly attracted to online channels, eliminating the operation cost and helping them reach targeted customers. Online channels also aid in increasing the consumer base and sell the products worldwide. Moreover, online channels have an added benefit of varied payment options, home delivery, and attractive discounts and offer convenience for the customers. Substantial increase in the number of online shoppers, favored by the availability of a broad array of products and ease of selection, has facilitated the product penetration and led to the restructuring of the strategies. Rising internet and smartphone penetration has allowed the customers to explore various e-commerce portals and shop daily needs products online. Besides, key players in the raisins market are increasing their participation in several food fairs and conferences as a branding strategy to enhance relations with other key stakeholders and solidify their position in the market.
The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the rail and air transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
Key Market Segments
In terms of product type, the sultana segment accounted for the largest share of the North America Raisins market in 2019. Based on nature the cut flower market is divided into organic, and conventional. Conventional is expected to be the fastest growing segment over the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Cut Flower market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Geobres, Lion Raisins, Red River Foods, Traina Foods, Sunsweet, and Fruits of Turkey among others.
Reasons to buy report
North America Raisins Market Segmentation
North America Raisins Market – By Product Type
North America Raisins Market – By Nature
North America Raisins Market – By End User
North America Raisins Market – By Distribution Channel
North America Cut Flower Market- by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 533.77 Million |
| Market Size by 2027 | US$ 778.69 Million |
| CAGR (2020 - 2027) | 4.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Raisins Market is valued at US$ 533.77 Million in 2019, it is projected to reach US$ 778.69 Million by 2027.
As per our report North America Raisins Market, the market size is valued at US$ 533.77 Million in 2019, projecting it to reach US$ 778.69 Million by 2027. This translates to a CAGR of approximately 4.9% during the forecast period.
The North America Raisins Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Raisins Market report:
The North America Raisins Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Raisins Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Raisins Market value chain can benefit from the information contained in a comprehensive market report.
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